Local stocks feel effects of heavy selling
Monday was the day that Facebook shook the stock market, among other things, and few companies that have a large Orlando presence escaped the downturn.
Since the NASDAQ was hit the hardest, video-game developer Electronic Arts (NASDAQ: EA) took a strong blow, dropping more than 3 percent to close at $125.44. The company has a large office in Maitland.
Parent companies that own the area’s theme parks were also hit:
Disney (NYSE: DIS) dropped 1.35 percent to $101.48;
Comcast, owner of Universal, dropped by 1.48 percent to $35.30;
SeaWorld dipped .89 percent to $14.50.
Facebook (NASDAQ: FB) tumbled to $172.56, which was down by 6.77 percent, on revelations that its data had been used by firms that worked for President Donald Trump’s campaign.
Another tech-related stock, Orlando-based auto electronics maker Voxx, tumbled 1.82 percent to $5.40 per share. Another smaller tech stock, social media-based digitalmarketing company Izea, took the biggest hit percentage-wise with a drop of 3.55 percent to $4.07.
Kissimmee-based Tupperware (NYSE: TUP) dropped a little more than 1 percent to $47.91.
Two local tech or defense stocks made out with gains amid the losses: military contractor Lockheed Martin (NYSE: LMT) rose 1.2 percent to $335.25, and measurement tech company Faro Technologies rose by .68 percent to $59.35.
The biggest gainer of the day was Gencor, which makes asphalt mixing equipment. Its fortunes rose as talk of infrastructure spending could boost construction plans. Gencor (NYSE: GEN) rose by over 1.5 percent to settle at $16.45 at day’s end.
Two other big corporations based in Central Florida escaped with minor losses: Darden Restaurants (NYSE: DRI) dropped by just .19 percent to $94.37, while Palm Bay-based defense and tech giant Harris Corp. dropped by just .05 percent to $156.43.